Genel Energy : Result of AGM

6 May 2021

Genel Energy plc

Results of Annual General Meeting

The Annual General Meeting of Genel Energy plc was held today, Thursday, 6 May 2021, and the results of the votes by shareholders are set out below. The number of ordinary shares of £0.10p each in the Company in issue at the date of the meeting was 277,670,478 and each share attracted one vote.

Resolutions 7 and 13 to re-elect Esa Ikaheimonen and Martin Gudgeon respectively were withdrawn prior to the meeting.

The results were as follows:

Resolutions	For	%	Against	%	Withheld	Total
							lodged
1.	To receive the audited
	financial statements of the	211,282,506	99.99%	17,258	0.01%	15,443	211,315,207
	Company for the year ended
	31 December 2020
2.	To declare a final distribution
	of 10 US cents per ordinary	211,315,207	100%	0	0%	0	211,315,207
	share for the financial year
	ending 31 December 2020
3.	To approve the
	Remuneration Policy for	111,404,413	57.94%	80,873,006	42.06%	19,037,788	211,315,207
	Directors
4.	To approve the Annual
	Report on Remuneration for	129,041,748	61.07%	82,247,207	38.93%	26,252	211,315,207
	the year ended 31 December
	2020
5.	To re-elect Mr David
	McManus as a Non‑Executive	211,015,688	99.87%	283,629	0.13%	15,890	211,315,207
	Director
6.	To re-elect Dr Bill Higgs as an	130,500,300	61.76%	80,799,017	38.24%	15,890	211,315,207
	Executive Director
8.	To re-elect Sir Michael Fallon	189,955,677	99.93%	131,138	0.07%	27,426	211,315,207
	as a Non‑Executive Director
9.	To re-elect Mr Ümit Tolga
	Bilgin as a Non-Executive	189,962,201	89.91%	21,325,580	10.09%	27,426	211,315,207
	Director
10.	To re-elect Mr Tim Bushall as	211,247,269	99.98%	40,512	0.02%	27,426	211,315,207
	a Non-Executive Director
11.	To elect Ms Canan Ediboglu	211,246,262	99.98%	41,519	0.02%	27,426	211,315,207
	as Non-Executive Director
12.	To re-elect Mr Hassan Gozal	190,042,339	89.94%	21,255,978	10.06%	16,890	211,315,207
	as a Non-Executive Director

14.	To re-elect Mrs Nazli K
	Williams as a Non-Executive	171,043,215	80.95%	40,255,102	19.05%	16,890	211,315,207
	Director.
15.	To appoint BDO as the	211,263,358	99.98%	50,849	0.02%	1,000	211,315,207
	Company's auditor
16.	To authorise the Directors to	211,308,445	100%	6,762	0%	0	211,315,207
	set the Auditor's fees
17.	To give the Company limited
	authority to make political	189,659,709	90.27%	20,449,082	9.73%	4,000	210,112,791
	donations and expenditure
18.	To approve the Genel Energy
	plc 2021 Performance Share	111,373,656	57.92%	80,919,799	42.08%	19,021,752	211,315,207
	Plan (the "PSP")
19.	To approve the Genel Energy
	plc 2021 Deferred Bonus Plan	111,411,713	57.94%	80,888,075	42.06%	19,015,419	211,315,207
	(the "DBP")
20.	To authorise the Company to	211,282,961	99.99%	20,710	0.01%	11,536	211,315,207
	purchase its Ordinary Shares
21.	To permit the Company to
	hold general meetings, other	211,196,179	99.94%	118,578	0.06%	450	211,315,207
	than an AGM, on not less
	than 14 clear days' notice

Following the approval of resolution 2, Genel confirms the payment of a final dividend of 10¢ per share in relation to the 2018 financial year. The final dividend payment timetable is below:

• Ex-dividenddate: 13 May 2021
• Record Date: 14 May 2021
• Payment Date: 14 June 2021

The Board of Directors notes that, although resolutions 3, 4, 6, 18, and 19 were passed with the requisite majority, c.40% of votes were cast against them. The Board will take note of the voting and engage with shareholders. The Board continues to support Bill Higgs as he successfully delivers the Company strategy and creates value for all shareholders.

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.genelenergy.comand on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the special resolutions (resolutions 20 and 21) passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

	-ends-
For further information, please contact:
Genel Energy	[phone]
Andrew Benbow, Head of Communications

Vigo Communications

[phone]

Patrick d'Ancona

Notes to editors:

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.